Philippine bank economists warn inflation could exceed 8% in November and December due to transport fares, electricity rates, wages, and high global oil prices. The article also cites El Niño risks to food supply.
Other items in the piece cover unrelated business and social news.
Stubbornly high oil prices and El Niño threats to food supply support firmer feed and energy costs for Philippine buyers. The piece is a macro outlook rather than a direct commodity supply event.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.